CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

By coindesk.com August 12, 2023 In Bitcoin, Ethereum, Gemini, Mining, Tyler Winklevoss

Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates.

Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)

Sam Bankman-Fried Jailed Ahead of Trial

Bankman-Fried was accused of leaking former Alameda Research CEO Caroline Ellison’s diary to the New York Times.

By Nikhilesh DeElizabeth Napolitano

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Is Friend.tech a Friend or Foe? A Dive Into the New Social App Driving Millions in Trading Volume

The new social app has driven 4,400 ETH ($8.1 million) in trading volume in less than 24 hours since its launch, far surpassing OpenSea’s in the same time frame. But with its mysterious origins, lack of privacy policy and lagging network, it raises some red flags.

Financial Institutions in the Crypto Ecosystem: Opportunities and Risks

Sponsored by Ciphertrace, a Mastercard company

Jul 31, 2023 at 9:49 a.m. PDT

Cathie Wood’s Ark 21Shares Bitcoin ETF Application Decision Pushed Out by SEC

The regulator is reviewing more than a dozen spot bitcoin and ether future ETF applications.

Cameron Winklevoss to DCG Amid Their Crypto Lending Fight: ‘Good Luck’ Convincing a Jury

His Gemini crypto exchange and conglomerate Digital Currency Group are battling — in and out of court — over the failure of Gemini’s Earn lending service.

XRP’s Market Cap Momentarily Zoomed to Trillions of Dollars on Gemini

Low liquidity after the token’s relisting likely caused a temporary pricing glitch on the exchange.

Struggling Crypto Custodian Prime Trust Looks Poised for Potentially Massive Layoffs, Sources Say

Nevada regulators recently ordered the crypto company, which BitGo had planned to buy, to cease operations and noted a shortfall in customer funds.

Like Facebook’s ill-fated Libra project, PYUSD is getting some pushback in Washington. But its prospects seem more promising, says Michael J. Casey.

By Michael J. Casey

Aug 11, 2023 at 9:16 a.m. PDT

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Discovery

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SEC Punts Ark 21Shares Bitcoin ETF Application Decision; Post Malone Slams Digital Dollar Concept

The most valuable crypto stories for Friday, August 11, 2023.

Aug 11, 2023

paypal logo on a smartphone booting up the payments app (Marques Thomas/Unsplash, modified by CoinDesk)

Consensus Magazine

I Have 1M Questions About the PayPal Stablecoin. Here Are 5

The payments giant’s new stablecoin will compete with Tether’s and Circle’s coins, but it’s not breaking any new ground.

Aug 7, 2023

CoinDesk’s Money Reimagined

A possible ‘Crypto Twitter’ exit is likely as the algorithm changes with “forever” signups and Elon battles Mark over threads and data. Meanwhile, the FEDNow launches and the U.S. has achieved a historic moment with a bipartisan consensus on crypto regulation in the House…finally!

Aug 2, 2023

Consensus Magazine

Bitget Exchange Faces Lawsuit by Advisor of ReelStar Token Project After the Listing Goes Sour

Influencer Evan Luthra says the exchange froze his account and destroyed his advisory relationship. Bitget says Luthra was dumping the REELT token as he advised his followers to buy.

Aug 3, 2023

(Ryan Quintal/Unsplash, Modified by CoinDesk)

RWA Tokenization: What Does it Mean to Tokenize Real-World Assets?

Traditional finance giants are excited about the idea of putting ownership of assets like precious metals, art, homes and more on the blockchain.

Jul 25, 2023

Consensus Magazine

The Untold Story of Worldcoin’s Launch: Inside the Orb

Is Sam Altman’s UBI startup a smart countermeasure to AI, or a privacy nightmare? Jeff Wilser reports.

Jul 24, 2023

(Shutterstock/CoinDesk)

Wrapping Up Consensus 2023

Missed Consensus 2023? Catch up on some of the most important conversations here.

May 4, 2023 at 2:39 p.m. PDT

U.S. House Will Have Crypto Bill in 2 Months: Rep. McHenry

Trending in Crypto

(Getty Images)

Índice de codicia y miedo de bitcoin de Matrixport indica un auge en perspectiva

Aug 11, 2023

Matrixport's Bitcoin Greed & Fear Index Suggests Upswing Ahead (Mar Cerdeira/Unsplash)

La temporada de altcoins se acerca, según un análisis técnico

Aug 11, 2023

First Mover Americas: A ‘Head-and-Shoulders’ Case for Altcoins

Aug 11, 2023

The latest readings on Matrixport's Fear & Greed Index bode well for bitcoin's price. (Matt Hardy, Unsplash) (CoinDesk Indicies) Bitcoin Depot CEO Brandon Mintz (Bitcoin Depot) Visa has completed the testing for a process that would allow users to pay the on-chain gas fees in fiat currency with their credit card. (Wonderlane/Creative Commons)

Visa Tests Way to Make Paying Ethereum Gas Fees Easier

The process is too complex for the masses, the company said.

Aug 11, 2023

Gemini's Cameron Winklevoss continues his war of words with DCG. (Getty Images)

Cameron Winklevoss to DCG Amid Their Crypto Lending Fight: ‘Good Luck’ Convincing a Jury

His Gemini crypto exchange and conglomerate Digital Currency Group are battling — in and out of court — over the failure of Gemini’s Earn lending service.

Aug 11, 2023

Bitcoin Depot CEO Brandon Mintz (Bitcoin Depot)

CEO of World’s Largest Bitcoin ATM Operator Sees Industry Ripe for Consolidation

Brandon Mintz, CEO and founder of Bitcoin Depot, the world’s largest bitcoin ATM company, says his company, which currently has about 20% market share, is in a position to gobble up competitors.

Aug 10, 2023

Policy

Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)

Policy

Sam Bankman-Fried Jailed Ahead of Trial

Bankman-Fried was accused of leaking former Alameda Research CEO Caroline Ellison’s diary to the New York Times.

Aug 11, 2023

Sam Bankman-Fried (Nikhilesh De/CoinDesk)

Policy

Campaign-Finance Charges Are Back on the Menu

Sam Bankman-Fried isn’t escaping the charge as he faces potential jail time ahead of his trial.

Aug 11, 2023

Ark Invest CEO Cathie Wood (Marco Bello/Getty Images, modified by CoinDesk)

Policy

Cathie Wood’s Ark 21Shares Bitcoin ETF Application Decision Pushed Out by SEC

The regulator is reviewing more than a dozen spot bitcoin and ether future ETF applications.

Aug 11, 2023

Bittrex crypto trading privacy coins

Policy

Bittrex Reaches Settlement With SEC; Agrees to Pay $24M Fine

The crypto exchange faced charges of offering U.S. investors access to unregistered securities.

Aug 10, 2023

Argentina flag. (Unsplash)

Policy

Worldcoin Regulatory Scrutiny Grows as Argentina Opens Investigation

The investigation began after collecting numerous data in five major jurisdictions of the country, the Argentinian Agency for Access to Public Information said.

Aug 10, 2023

Digital Currency Group's Barry Silbert, right (Getty Images)

Finance

Digital Currency Group Files to Dismiss Crypto Exchange Gemini’s Fraud Claims

DCG called Gemini’s July complaint a continuation of a “public relations campaign” carried out by the exchange’s owners, Cameron and Tyler Winklevoss.

Aug 10, 2023

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